restoration hardware holding (RH) Details

Restoration Hardware Holdings, Inc., together with its subsidiaries, is engaged in the retail of home furnishings. Its product categories include furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and children’s furnishings. The company sells its products through its stores and catalogs, as well as through its Websites, such as restorationhardware.com, rh.com, and rhbabyandchild.com. As of February 1, 2014, it operated 70 retail stores consisting of 62 Galleries, 5 full line Design Galleries, and 3 Baby & Child Galleries, as well as 17 outlet stores in the United States and Canada. The company was founded in 1979 and is headquartered in Corte Madera, California.

restoration hardware holding (RH) Key Developments

Restoration Hardware Holdings, Inc. Announces Preliminary Earnings Results for the Fourth Quarter and Full Year of 2014; Reaffirms Earnings Guidance for the Fourth Quarter and Full Year of 2014

Feb 5 15

Restoration Hardware Holdings, Inc. announced preliminary earnings results for the fourth quarter and full year of 2014. The company is reporting fourth quarter preliminary net revenues of approximately $583 million, representing an increase of 24% from the prior year and an acceleration from the 22% net revenue growth reported in the third quarter of fiscal 2014.
For fiscal 2014, the company is reporting preliminary net revenues of approximately $1.868 billion, representing the company's fifth consecutive year of net revenue growth in excess of 20%.
Adjusted diluted EPS for the fourth quarter of fiscal 2014 is now expected to be in the range of $1.00 to $1.01 as compared to the company's prior guidance in the range of $0.99 to $1.01.
Adjusted diluted EPS for fiscal 2014 is now expected to be in the range of $2.34 to $2.35 as compared to the company's prior guidance in the range of $2.33 to $2.35.

Restoration Hardware Holdings, Inc. announced the appointment of Ali Rowghani to it's board of directors. He will also serve on the board’s nominating and corporate governance committee. Rowghani has served in executive leadership positions at innovative growth companies, including Twitter, Inc. and Pixar Animation Studios, Inc. At Twitter, Rowghani was hired as the company’s first chief financial officer in March 2010, and later served as chief operating officer, with responsibility for business development, platform, media, product, and business analytics, from December 2012 to June 2014. Rowghani is currently a part time partner at YCombinator, providing consultation to early-stage growth companies, and currently serves on the board of directors of The San Francisco Symphony.

Restoration Hardware Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014 and for the Fiscal Year Ending January 31, 2015

Dec 10 14

Restoration Hardware Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net revenues of $484,675,000 compared to $395,832,000 for the same period of last year. Income from operations was $36,688,000 compared to $23,860,000 for the same period of last year. Income before income taxes was $31,478,000 compared to $21,695,000 for the same period of last year. Net income was $19,429,000 compared to $9,549,000 for the same period of last year. Diluted net income per share was $0.47 compared to $0.23 for the same period of last year. Adjusted income before income taxes was $33,811,000 compared to $21,695,000 for the same period of last year. Adjusted net income was $20,287,000 compared to $13,017,000 for the same period of last year. Adjusted diluted net income per share was $0.49 compared to $0.32 for the same period of last year. Adjusted operating income was $36,688,000 compared to $23,860,000 a year ago.
For the nine months, the company's net revenues were $1,284,695,000 compared to $1,079,267,000 for the same period of last year. Income from operations was $90,401,000 compared to loss from operations of $3,409,000 for the same period of last year. Income before income taxes was $78,789,000 compared to loss before income taxes of $7,605,000 for the same period of last year. Net income was $48,477,000 compared to net loss of $8,447,000 for the same period of last year. Diluted net income per share was $1.18 compared to diluted net loss per share of $0.22 for the same period of last year. Net cash used in operating activities was $22,758,000 compared to net cash provided by operating activities of $30,455,000 reported a year ago. Capital expenditures were $69,690,000 compared to $57,622,000 reported a year ago. Adjusted income from operations was $99,601,000 compared to $62,641,000 reported a year ago. Adjusted income before income taxes was $91,898,000 compared to $58,445,000 for the same period of last year. Adjusted net income was $55,139,000 compared to $35,067,000 for the same period of last year. diluted net income per share was $1.35 compared to $0.87 for the same period of last year. Adjusted operating income was $99,601,000 compared to $62,641,000 a year ago.
The company provided earnings guidance for the fourth quarter of fiscal 2014. The company expects net revenues in the range of $575 million to $585 million; adjusted net income in the range of $41.1 million to $41.9 million and adjusted diluted EPS to a range of $0.99 to $1.01. The company expects effective tax rate of 40%.
The company is updating its guidance for the fiscal year ending January 31, 2015. The company expects net revenues in the range of $1.86 billion to $1.87 billion. Adjusted net income in the range of $96.2 million to $97.0 million. Adjusted diluted EPS in the range of $2.33 to $2.35. Effective tax rate of 40% and capital expenditures in the range of $115 million to $125 million.

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